Cidara Therapeutics Added To Russell Microcap Index
Portfolio Pulse from Happy Mohamed
Cidara Therapeutics (NASDAQ:CDTX) has been added to the Russell Microcap Index following the annual reconstitution of the Russell U.S. Indexes. The new index will become effective on June 26, 2023. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.
June 26, 2023 | 12:17 pm
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Cidara Therapeutics has been added to the Russell Microcap Index, which may increase its visibility among investment managers and institutional investors.
Being added to the Russell Microcap Index increases Cidara Therapeutics' visibility among investment managers and institutional investors, which could lead to increased demand for the stock and a positive short-term impact on its price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100